Hindustan Composites Ltd
Incorporated in 1964, Hindustan Composites Ltd is in the business of manufacturing and marketing of fibre based friction material, and treasury business[1]
- Market Cap ₹ 651 Cr.
- Current Price ₹ 441
- High / Low ₹ 670 / 370
- Stock P/E 14.5
- Book Value ₹ 736
- Dividend Yield 0.45 %
- ROCE 5.54 %
- ROE 4.33 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.60 times its book value
- Company has delivered good profit growth of 30.5% CAGR over last 5 years
Cons
- Company has a low return on equity of 3.83% over last 3 years.
- Working capital days have increased from 51.5 days to 87.3 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Auto Ancillaries Industry: Auto Ancillaries
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
107 | 143 | 153 | 166 | 199 | 197 | 178 | 185 | 233 | 283 | 298 | 325 | |
110 | 107 | 123 | 127 | 162 | 172 | 158 | 155 | 195 | 239 | 243 | 266 | |
Operating Profit | -3 | 36 | 30 | 39 | 37 | 25 | 20 | 30 | 37 | 44 | 55 | 59 |
OPM % | -3% | 25% | 20% | 23% | 18% | 13% | 11% | 16% | 16% | 16% | 18% | 18% |
33 | 0 | 0 | 1 | 0 | 2 | 0 | 4 | -4 | -2 | -2 | -4 | |
Interest | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 7 | 6 | 7 | 8 | 9 | 9 | 10 | 9 | 9 | 9 | 10 | 10 |
Profit before tax | 22 | 30 | 24 | 32 | 28 | 18 | 10 | 25 | 25 | 33 | 43 | 45 |
Tax % | 20% | 13% | 13% | 22% | 10% | -4% | -17% | 15% | 13% | 16% | 19% | 22% |
17 | 26 | 21 | 25 | 25 | 19 | 12 | 21 | 22 | 27 | 34 | 35 | |
EPS in Rs | 11.62 | 17.43 | 14.00 | 16.82 | 17.18 | 12.86 | 8.15 | 14.21 | 14.63 | 18.60 | 23.30 | 23.70 |
Dividend Payout % | 6% | 2% | 2% | 2% | 3% | 16% | 25% | 14% | 14% | 11% | 9% | 21% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 13% |
3 Years: | 12% |
TTM: | 9% |
Compounded Profit Growth | |
---|---|
10 Years: | 6% |
5 Years: | 30% |
3 Years: | 21% |
TTM: | 22% |
Stock Price CAGR | |
---|---|
10 Years: | 1% |
5 Years: | 29% |
3 Years: | 15% |
1 Year: | 6% |
Return on Equity | |
---|---|
10 Years: | 3% |
5 Years: | 3% |
3 Years: | 4% |
Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 5 | 5 | 5 | 5 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
Reserves | 519 | 544 | 630 | 688 | 733 | 755 | 764 | 812 | 912 | 916 | 981 | 1,079 |
7 | 6 | 5 | 5 | 5 | 4 | 6 | 0 | 0 | 1 | 0 | 0 | |
31 | 29 | 62 | 83 | 88 | 89 | 84 | 103 | 83 | 76 | 92 | 110 | |
Total Liabilities | 562 | 584 | 702 | 781 | 833 | 856 | 861 | 923 | 1,003 | 1,000 | 1,081 | 1,196 |
114 | 115 | 120 | 124 | 122 | 125 | 122 | 116 | 113 | 111 | 138 | 134 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 |
Investments | 363 | 386 | 473 | 541 | 613 | 617 | 625 | 687 | 796 | 807 | 872 | 962 |
85 | 83 | 109 | 116 | 98 | 113 | 113 | 120 | 94 | 82 | 72 | 96 | |
Total Assets | 562 | 584 | 702 | 781 | 833 | 856 | 861 | 923 | 1,003 | 1,000 | 1,081 | 1,196 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
4 | 11 | 8 | 11 | 53 | 5 | 4 | 9 | 22 | 16 | 40 | 30 | |
-1 | -8 | -6 | -9 | -54 | -3 | 3 | 0 | -13 | -21 | -35 | -18 | |
-3 | -3 | -1 | -1 | -1 | -3 | -1 | -9 | -3 | -2 | -4 | -3 | |
Net Cash Flow | -0 | 1 | 1 | 1 | -2 | -1 | 6 | 1 | 7 | -8 | 1 | 9 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 91 | 59 | 63 | 59 | 63 | 63 | 70 | 83 | 59 | 51 | 46 | 58 |
Inventory Days | 54 | 44 | 51 | 58 | 53 | 54 | 66 | 59 | 48 | 38 | 41 | 29 |
Days Payable | 85 | 75 | 101 | 166 | 164 | 154 | 166 | 198 | 151 | 110 | 128 | 129 |
Cash Conversion Cycle | 60 | 28 | 14 | -49 | -48 | -36 | -31 | -55 | -44 | -21 | -42 | -42 |
Working Capital Days | 131 | 106 | 81 | 109 | 103 | 101 | 108 | 143 | 39 | 42 | 25 | 87 |
ROCE % | 4% | 5% | 4% | 5% | 4% | 2% | 1% | 3% | 3% | 4% | 5% | 6% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015
7 May - Submission of amended Code for fair disclosure of unpublished price sensitive information as per SEBI regulations.
-
Announcement under Regulation 30 (LODR)-Change in Management
7 May - Approved FY25 audited results; recommended Rs.2 dividend; approved 75,000 monthly capacity expansion with Rs.480 lakh investment.
-
Announcement under Regulation 30 (LODR)-Dividend Updates
7 May - Approved FY25 audited results; Rs. 2/share dividend recommended; Rs. 480 lakh capacity expansion approved for 2025-26.
-
Announcement Under Regulation 30 - The Board Approved The Capacity Expansion Plan For The Financial Year 2025-26.
7 May - Approved FY25 audited results; recommended Rs.2/share dividend; Rs.480 lakh capacity expansion approved.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On 7Th May, 2025 For The Quarter And Financial Year Ended 31St March, 2025
7 May - Approved FY25 audited results; recommended Rs.2/share dividend; approved Rs.4.8 Cr capacity expansion plan.
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from nse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
Business Overview:[1][2]
HCL is an ISO 9001:2015 & IATF 16949:2016 certified developer, manufacturer & marketer of Friction Materials in India comprising Brake Lining, Clutch Facing, Disc Brake Pad, Roll Lining, Brake Block, etc. Company is also engaged in the treasury business.